6. Powers of the Corporation

Subject to the provisions of this Act and any other written law, the Corporation shall have the power to do, perform and execute all such acts, matters and things whatsoever, as are necessary or desirable for the promotion or for the furtherance of the objects of the Corporation or anyone of them, including the power—

to purchase, hold, rent, construct and otherwise obtain lands or buildings which may be required for the purposes of the Corporation ;

to borrow or raise funds and receive grants, gifts or donations in cash or kind ;

to erect or course to be erected any building or structure on any land belonging to the Corporation ;

to make draw, accept, discount, endorse, negotiate, buy, sell and issue bills of exchange, cheques, promissory notes and other negotiable instruments and to open, operate, maintain and close bank accounts ;

to invest any funds not immediately required for the purposes of the Corporation, in such a manner as the Board of Management may think fit ;

to undertake, accept, execute, perform and administer any lawful trusts and conditions affecting any movable or immoveble property ;

to appoint, employ, dismiss or terminate the services of officers and servants of the Corporation and to pay them such salaries, allowances and gratuities as may be determined by the Corporation ; and

to train personnel in Sri Lanka or abroad for the purpose of the Corporation.